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Sunday , September 25 2016
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Obamanomics Has Made Us Weak

The U.S. will become the world’s number two economy, falling behind China soon.

That’s right, a semi-communist nation that holds a one-child policy and disrespects basic human rights has surpassed the greatest nation on Earth. China’s purchasing power by the end of 2014 will be 16.48 % while the U.S. will make up 16.28%, according to the IMF.

This has more to do with the failures of the current administration than anything else. Let’s look back on just how awful Obamanomics has been for this country:

The United States’ credit rating was downgraded.

Obamacare would add $6.2 Trillion to the country’s long-term deficit

The Labor Force Participation Rate is the lowest it’s been in 36 years, with more than a third of Americans out of the workforce.

The national debt has increased at a faster rate under Obama in 4 years than Bush spent in 8.

The Fed’s easy money policy is creating another bubble before our very eyes, pumping up the stock market on low-interest rates.

The U.S. has the highest corporate tax rate in the developed world at 35%.

Obama’s debt has reached $7 Trillion. Yes…$7 Trillion…

 And just for fun, let’s take a look at President Reagan’s economic reforms:

Reagan inherited a worse economy.

Dealt with stagflation – high unemployment and inflation.

Reagan’s policy created 20 million new jobs by 1988.

Reagan cut taxes across the board.

The Misery Index shrunk from 19.33 in 1981 to 9.72 in 1988.

The Inflation Rate in 1980 was 13.5% and fell to 4.1% in 1988.

When you take all of this into consideration, it’s clear that the Obama presidency has been a failure on both the domestic and foreign fronts. Mr. Obama has done nothing to turn around this nation’s economy, he’s only made things worse. And now China is projected to surpass us in the coming year, because we couldn’t get our act together. Accountability, something this President doesn’t like, starts at the top.

Mr. President…you can’t hide behind the media this time.

About Vito Palmeri

Vito Palmeri is host of The Vito and Vito Show heard on WAARadio. As a young college conservative living in New York City, Vito is constantly defending the principles of individualism and liberty in a town dominated by progressive group think. Check out VitoandVito.com for more on how Vito copes with it all!

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